In his book “A Theory of Justice,” philosopher John Rawls uses the thought experiment of the “veil of ignorance” to explore what he believes to be the justest society. Under this veil, everyone is ignorant…
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What Is Accounting?
Accounting is recording, classifying, and summarizing financial transactions to provide helpful information in business decisions. Italian mathematician Luca Pacioli laid the foundation for modern accounting in 1494 when he published a book describing double-entry bookkeeping….
What Is the FASB?
The FASB is one organization that provides standardized guidelines for financial reporting. The Financial Accounting Standards Board’s (FASB) mission is to establish and improve financial accounting and reporting standards for the guidance and education of…
What Are The Parts Of An Income Statement?
The line reporting sales revenue is the first and most important part of an income statement. Businesses need to be consistent from year to year regarding when they record sales. For some businesses, the timing…
5 Things You Need To Know About Your Social Security Death Benefit
What Are My Social Security Death Benefits When a loved one dies, it can be a difficult and confusing time. One of the many things you may have to deal with is figuring out their…
7 Secrets To Save On Your Spring Vacation
What if you could stretch your $5,000 budget into a $10,000 vacation? Imagine how much more you could do and enjoy: a more excellent hotel, better food, or maybe you would change your plans altogether….
5 Tips For Choosing The Right Debit Card
Are Debit Cards Smart Choices? Debit cards are becoming increasingly popular, but are they a smart choice for everyone? Let’s look at the pros and cons of debit cards to see if they’re right for…
Are Payday Loans A Scam?
Are Payday Loans A Scam? You may consider a payday loan if you’re in a bind and need cash fast. But are these loans really what they’re cracked up to be? Or are they big…
7 Ways Your Family and Friends Might Ruin You
Some people might be a hazard to your financial health, but you may not have noticed their negative impact on your wallet. This is because we focus so much time and energy on these individuals…
What Does CTG Mean In Real Estate?
You might be new to real estate and have seen or heard about a property that was “CTG.” What is CTG status, and how does it impact your analysis of the property? CTG is real…